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Billytt Die happy trading e/j daily breakout

  • #53,061
  • Aug 24, 2020 8:45am Aug 24, 2020 8:45am
Quoting birdland
{quote} great insight, thx. have you also tried the 13-00 bar, the first 15 minutes of NYSE open?
Hi Bird, hope you are well.
that is no,
my main big trade is the 08-00 and thats it, i do not need another big trade.
i must of looked at it though in the past.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,062
  • Aug 24, 2020 9:19am Aug 24, 2020 9:19am
Quoting billytt
{quote} Hi Bird, hope you are well. that is no, my main big trade is the 08-00 and thats it, i do not need another big trade. i must of looked at it though in the past.
all right, thx for your answer. ill be back next week trading 08-15 regulary;-)
trading is like dancing, don't think and just listen to the music!
  • #53,063
  • Aug 24, 2020 11:16am Aug 24, 2020 11:16am
Quoting birdland
{quote} all right, thx for your answer. ill be back next week trading 08-15 regulary;-)
have a look at Gold at 1pm - its a very good mover once the US get on board (well actually, it always moves!). Ive spent the last few months adapting billys 8am bar to the gold 1pm bar - where gu moves 5 or 10 pips, gold is moving about $2-4 (20 to 40 pips). It really stacks up when scalping. Take a look at today, it was a monster (no, not Lem’s dax!)
  • #53,064
  • Aug 24, 2020 11:24am Aug 24, 2020 11:24am
Quoting Jp1
{quote} have a look at Gold at 1pm - its a very good mover once the US get on board (well actually, it always moves!). Ive spent the last few months adapting billys 8am bar to the gold 1pm bar - where gu moves 5 or 10 pips, gold is moving about $2-4 (20 to 40 pips). It really stacks up when scalping. Take a look at today, it was a monster (no, not Lem’s dax!)
Is that the break of the 12pm 1 hour bar at 1pm JP? Yeah seems to have good potential. Do you use any additional bias information?
  • #53,065
  • Aug 24, 2020 11:44am Aug 24, 2020 11:44am
Quoting ia1979
{quote} Is that the break of the 12pm 1 hour bar at 1pm JP? Yeah seems to have good potential. Do you use any additional bias information?
i dont really use anything else, tried to keep it simple as billy has always said! I do have my pivot indi which has all the opens, high and lows etc up to quarterly, so i would be wary buying/selling into one of those levels. I have an H1 open by the side just to monitor too. But otherwise i just use the lines....and i carry on using them (rather than just one or two trades)
and no - its not the deadzone, i use the 1pm 15 min bar as my mark. If u look back, u’ll see the US usually seriously move gold (like $20 to $50) so i only need/want a very small fraction
  • #53,066
  • Aug 24, 2020 1:38pm Aug 24, 2020 1:38pm
Quoting Jp1
{quote} i dont really use anything else, tried to keep it simple as billy has always said! I do have my pivot indi which has all the opens, high and lows etc up to quarterly, so i would be wary buying/selling into one of those levels. I have an H1 open by the side just to monitor too. But otherwise i just use the lines....and i carry on using them (rather than just one or two trades) and no - its not the deadzone, i use the 1pm 15 min bar as my mark. If u look back, u’ll see the US usually seriously move gold (like $20 to $50) so i only need/want...
Thanks for sharing. Claudia has mentioned this bar on GU before as well. I'll start looking into this tomorrow but sounds like it could be fun. Buy/sell as price breaks the 1st 15 minute bar at 1pm on Gold. Probably no need to counter, because even if you hit one or two losses, when the inevitable move comes, it'll be enough to get you back in the plus
  • #53,067
  • Aug 24, 2020 10:33pm Aug 24, 2020 10:33pm
Quoting Jp1
{quote} have a look at Gold at 1pm - its a very good mover once the US get on board (well actually, it always moves!). Ive spent the last few months adapting billys 8am bar to the gold 1pm bar - where gu moves 5 or 10 pips, gold is moving about $2-4 (20 to 40 pips). It really stacks up when scalping. Take a look at today, it was a monster (no, not Lem’s dax!)
thx, but one pair GU is enough, like one wife too;-)

but of course i can have a look;-)
trading is like dancing, don't think and just listen to the music!
  • #53,068
  • Aug 24, 2020 10:58pm Aug 24, 2020 10:58pm
Hi guys, we have some interesting info on gold posted, Thanks.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,069
  • Aug 24, 2020 11:00pm Aug 24, 2020 11:00pm
00-00 4 hour bar break.
Both cable and e/u have broken the high.
Again, i have left it .

Maybe but maybe if they drop i might short and chase adr.
Ijust cannot be bothered to trade lool/.
BUT i will be trading the 08-00 break.
trade well all.
t 07-00
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,070
  • Aug 25, 2020 3:51am Aug 25, 2020 3:51am
Cable 08-00 15 minute bar break.
Fail, Fail, Fail,
Low broke and failed so i stuck a counter on when high broke and i kept it on.
Then i went long off the 00-00 4 hour bar high.

That is why i originally traded the 00-00 4 hour bar, and it was good all sorted and +5% (actually more) lol.
Trade well all.
t 11-50
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,071
  • Aug 25, 2020 3:52am Aug 25, 2020 3:52am
Quoting Jp1
{quote} i dont really use anything else, tried to keep it simple as billy has always said! I do have my pivot indi which has all the opens, high and lows etc up to quarterly, so i would be wary buying/selling into one of those levels. I have an H1 open by the side just to monitor too. But otherwise i just use the lines....and i carry on using them (rather than just one or two trades) and no - its not the deadzone, i use the 1pm 15 min bar as my mark. If u look back, u’ll see the US usually seriously move gold (like $20 to $50) so i only need/want...
The break of the 8-8:15am bar on Gold has done well today and yesterday. I think you may have mentioned this in the past as well?
  • #53,072
  • Aug 25, 2020 4:01am Aug 25, 2020 4:01am
Quoting billytt
Cable 08-00 15 minute bar break. Fail, Fail, Fail, Low broke and failed so i stuck a counter on when high broke and i kept it on. Then i went long off the 00-00 4 hour bar high. That is why i originally traded the 00-00 4 hour bar, and it was good all sorted and +5% (actually more) lol. Trade well all. t 11-50
Nicely done Billy. You and Lem are the only 2 people I know of who relish these counter trades lol. I don't mind them, but to be honest they scare me a bit.

Looking at today's example, the Billy bar failed for you and you stuck a counter on and left it there (which seems like it was the right thing to do because the second break also failed, as did the 3rd). You then traded the 4 hour bar to to get your money back. Say the 4 hour long failed as well. Would you then try and fix the whole failed sequence with a 4 hour short (a lot to ask because by then you are in major drawdown probably after 2 failed trades)? Or would you just stick a counter on the 4 hour and come back tomorrow? Thanks.
  • #53,073
  • Aug 25, 2020 4:14am Aug 25, 2020 4:14am
Quoting ia1979
{quote} Nicely done Billy. You and Lem are the only 2 people I know of who relish these counter trades lol. I don't mind them, but to be honest they scare me a bit. Looking at today's example, the Billy bar failed for you and you stuck a counter on and left it there (which seems like it was the right thing to do because the second break also failed, as did the 3rd). You then traded the 4 hour bar to to get your money back. Say the 4 hour long failed as well. Would you then try and fix the whole failed sequence with a 4 hour short (a lot to ask because...

good question. If Lem where here i would let him answer. lol

i could of just traded the 08-00 bar and left a counter on until tomorrow.

But i decided to trade my method, so i had 2 counters running off the 08-00 mand then i went long off the 00-00 4hour bar.
ONLY TROUBLE IS/WAS,,,, the range of 00-00 was 51. in normal conditions i would of left it BUT i decided to trade off the 2 hour bars.

My bias is/was long and i traded it.
As for margin needed i had a few £k running lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,074
  • Aug 25, 2020 4:33am Aug 25, 2020 4:33am
Quoting ia1979
{quote} The break of the 8-8:15am bar on Gold has done well today and yesterday. I think you may have mentioned this in the past as well?
yes mate - did mention that a while back....have been hiding away trying to hone my skills! Still try and trade it if im in front of the computer - but kids get in the way at that time! nice break this morning for 30 odd pips (or more if u held). Im not skilled like billy/lem etc, so find it harder to get myself out of trouble!
  • #53,075
  • Aug 25, 2020 4:44am Aug 25, 2020 4:44am
Quoting ia1979
{quote} The break of the 8-8:15am bar on Gold has done well today and yesterday. I think you may have mentioned this in the past as well?
and in again short for a nice quick 30 - same line
  • #53,076
  • Aug 25, 2020 6:12am Aug 25, 2020 6:12am
Quoting Jp1
{quote} and in again short for a nice quick 30 - same line
Was waiting for a short break after 1:15pm on Gold, but it never happened. Long break has happened but a lot of resistance in this area so I'm on the fence for now.

GU is on fire. Claudia let me know when you begin selling, I'll join the club lol.
  • #53,077
  • Aug 25, 2020 6:17am Aug 25, 2020 6:17am
Quoting ia1979
{quote} Was waiting for a short break after 1:15pm on Gold, but it never happened. Long break has happened but a lot of resistance in this area so I'm on the fence for now. GU is on fire. Claudia let me know when you begin selling, I'll join the club lol.
yep, one of those days where US ripped from the get go. 100 pip 15 mins candle never helps (my stop would be way tighter!). Fighting daily open now - but was still 20 odd pips off the long if u took it. Lets see if the US took it back up, only to dump it again
  • #53,078
  • Aug 25, 2020 6:19am Aug 25, 2020 6:19am
Quoting ia1979
{quote} Was waiting for a short break after 1:15pm on Gold, but it never happened. Long break has happened but a lot of resistance in this area so I'm on the fence for now. GU is on fire. Claudia let me know when you begin selling, I'll join the club lol.
Where to start selling ? 3186 is DR2 but will it go to 3200. Hit 111% of day range so far.

Thought 3150 might have been the starting point. So I don't really know it's another weird day.
  • #53,079
  • Aug 25, 2020 6:33am Aug 25, 2020 6:33am
Quoting claudia1
{quote} Where to start selling ? 3186 is DR2 but will it go to 3200. Hit 111% of day range so far. Thought 3150 might have been the starting point. So I don't really know it's another weird day.
Looks like 3150 might be the starting point.
  • #53,080
  • Aug 25, 2020 6:36am Aug 25, 2020 6:36am
Quoting claudia1
{quote} Looks like 3150 might be the starting point.
Yeah it looks like it. That is a big wick though, and I suspect we might close higher than we are just now. A close above yesterday's high might bring DR2 back into play?
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